Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how much is the gross profit Refer to the following trial balance Credit Debet $20.000 40.000 61.000 15.000 320,000 Accounts Receivable Merchandietary Supplies Land Accounts

how much is the gross profit image text in transcribed
image text in transcribed
Refer to the following trial balance Credit Debet $20.000 40.000 61.000 15.000 320,000 Accounts Receivable Merchandietary Supplies Land Accounts Payable Notes Payable Como Shock Rutinemings Odende Sales Revenge Cost of Goods $000 25.000 110.000 21.000 3.000 423,000 210.000 OA 500.000 SOLO DC5233.000 OD 580.000 Gay esc % 5 3 2 6. 320,000 $5,000 25,000 319,000 21,000 3,000 443,000 Land Accounts Payable Notes Payable Common Stock Retained Eamings Dividends Sales Revenue Cost of Goods Sold Salaries Expense Utilities Expense Rent Expense Interest Expense Totals How much is the gross profit? 210,000 18,000 68,000 53,000 5.000 $813.000 $813,000 O A $86,000 B. $94.000 C. $233,000 OD $89.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

2nd Edition

047116920X, 978-0471169208

More Books

Students also viewed these Accounting questions

Question

BPR always involves automation. Group of answer choices True False

Answered: 1 week ago